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Brendan bought a car for $27,000 by making a downpayment of $5,670 and biweekly (every two weeks) payments at the end of every two weeks
Brendan bought a car for $27,000 by making a downpayment of $5,670 and biweekly (every two weeks) payments at the end of every two weeks for 5 years. Interest is 3.4% compounded semiannually. 1. What are the biweekly (every two weeks) payments, rounded to the nearest cent? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ 2. What is the cost of financing? Cost of Financing = $ (enter a positive value, rounded to the nearest cent)
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